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Jul 15, 2011
07/11
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. >> reporter: fearing the talks might fall apart, senate minority leader mitch mcconnell and majority leader harry reid are working on a backup plan based on a proposal mcconnell presented earlier this week which would allow the president to raise the debt ceiling in three increments through the 2012 election. >> hopefully we can come up with this big robust deal we've been trying to get. until we do that we're going to look at other alternatives. >> reporter: with no deal in sight there's still a lot of partisan wrangling. >> my message to the republicans who are stopping us from extending the debt ceiling is that if they bring this economy down they've broken it and they own it. >> we're not going to raise the debt ceiling if we don't have cuts in excess of that amount that we don't want to raise taxes. >> reporter: after democrats suggested that house majority leader eric cantor was undercutting speaker john boehner by dominating the debt talks, the republi
. >> reporter: fearing the talks might fall apart, senate minority leader mitch mcconnell and majority leader harry reid are working on a backup plan based on a proposal mcconnell presented earlier this week which would allow the president to raise the debt ceiling in three increments through the 2012 election. >> hopefully we can come up with this big robust deal we've been trying to get. until we do that we're going to look at other alternatives. >> reporter: with no deal in...
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Jul 31, 2011
07/11
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the president is engaged and spoke twice with mitch mcconnell on the phone and so is the vice president using his connections cc1:ionships built over years in the senate to reach out to mcconnell, harry reid and others to force this compromise as the clock ticks on.cc1: the bottom line for the white house all along is that they do not want to go through this exercise again in six months. they want the debt ceiling to be raised $2.5 trillion long enough get us enough tocc1: through the 2012 election that would create more uncertainty. jenna. >> the president is now engaged. where does that leave him with other democrats now that there's a potential compromise in place? >> you know, it's a delicate situation. conventional wisdom always holds that a democratic president will have the left there with him when his name is on the ballot next year and that is the center that he is going to try to have to get in order to try to win the election, win over those independents to build a coalition and build a majority. ut the premise for this entire: has been cutting spending and there have been di
the president is engaged and spoke twice with mitch mcconnell on the phone and so is the vice president using his connections cc1:ionships built over years in the senate to reach out to mcconnell, harry reid and others to force this compromise as the clock ticks on.cc1: the bottom line for the white house all along is that they do not want to go through this exercise again in six months. they want the debt ceiling to be raised $2.5 trillion long enough get us enough tocc1: through the 2012...
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Jul 26, 2011
07/11
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he has spoken to mitch mcconnell. he has had them down to the white house. he has had us down to the white house and every time we seem to make progress, they walk away. this did not just happen recently. the agreement was forged between senators judd gregg and kent conrad and i walked out of that vote. -- and they walked out of that about. they walked out of the biden talks. they cannot take yes for an answer. >> this idea that there is even handedness and the quality is just not fair -- there. we have moved in their direction so many different times and they do not budge. no revenues, and a ravenous, and a ravenous -- that is why we cannot get a grand deal. -- no revenues. . we move totally in their direction and their proposal does not move 1 inch in our direction. that is why the american people are saying that the cause of the fall and the cause of gridlock are the republicans in congress, not the president and not the democrats. it has not been an even-handed where we give some and they give some. this proposal was crafted by senator reid with them in
he has spoken to mitch mcconnell. he has had them down to the white house. he has had us down to the white house and every time we seem to make progress, they walk away. this did not just happen recently. the agreement was forged between senators judd gregg and kent conrad and i walked out of that vote. -- and they walked out of that about. they walked out of the biden talks. they cannot take yes for an answer. >> this idea that there is even handedness and the quality is just not fair --...
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Jul 30, 2011
07/11
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senator mitch mcconnell and senator harry reid. no matter what is going on with the house of representatives and their game to try to vote on the reid bill tomorrow, the focus here will be on whatever compromise can be hatched between reid and mcconnell this evening or over the weekend to forge some kind of compromise on a negotiated bill that could get through the u.s. senate with 60 vote in the coming days and basically be jammed to the house before that tuesday deadline. >> as painful as this has been today, is the house encouraged by the fact that this hurdle has now been cleared? house republicans are able to make a statement and can move to the next stage? is there a sense of saying this is progress, even if it's progress we don't want, or simply saying it's a waste of time. >> a sense of saying this is over with the boehner bill is backing up a delay. they had to get that over with in order to get to the compromise that could be accomplished in the senate. there is a sense that hurdle has been overcome and they can focus on
senator mitch mcconnell and senator harry reid. no matter what is going on with the house of representatives and their game to try to vote on the reid bill tomorrow, the focus here will be on whatever compromise can be hatched between reid and mcconnell this evening or over the weekend to forge some kind of compromise on a negotiated bill that could get through the u.s. senate with 60 vote in the coming days and basically be jammed to the house before that tuesday deadline. >> as painful...
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Jul 30, 2011
07/11
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with the house plan off the table, all eyes now turn to top senate republican mitch mcconnell. democrats say he can fast track a debate and make a deal. president obama insists a compromise is possible. we'll be watching that one for you. >>> more local news in 30. >>> we are back on this saturday morning, july 30th, 2011. it was a wild night of heavy rain and thunderstorms here in new york. but we have plenty of sunshine to start off the weekend. and we have a great crowd out here on our plaza. we want to thank them for spending part of our morning with us. we're going to go outside and say hi in a couple minutes. but first inside studio 1a, i'm amy robach along with lester holt, and coming up, we are talking about a missing girl. where is selena? >> the fbi has joined the search for missing is celina cass. she was last seen working on a computer in her bedroom monday night. we head live to new hampshire in a few minutes. >>> and on a much lighter note, the tv show "antiques roadshow" gives people a chance to find treasure among their collectibles. one oklahoma man got the sho
with the house plan off the table, all eyes now turn to top senate republican mitch mcconnell. democrats say he can fast track a debate and make a deal. president obama insists a compromise is possible. we'll be watching that one for you. >>> more local news in 30. >>> we are back on this saturday morning, july 30th, 2011. it was a wild night of heavy rain and thunderstorms here in new york. but we have plenty of sunshine to start off the weekend. and we have a great crowd out...
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Jul 18, 2011
07/11
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senate minority leader mitch mcconnell is crafting what looks like the leading contender. but critics say it may be too much of a compromise. >> well, look, mcconnell plan doesn't have 218 republican votes, no way. >> what it does is it says, we the congress will not take responsibility or accountability for our own decisions. >> reporter: before moving forward the tea party is getting a vote on a balanced-budget amendment. >> so the real deal to limit spending and get us in balance would be an amendment to our constitution. without that, we're just going to talk to each other and run america into the ground. >> reporter: plenty of plans, but right now, no clear way forward. the balanced-budget amendment is unlikely to pass, but it could clear the way for another bill that will. lynn? i'm brian mooar. >> brian, thanks so much. now here's a look at some other stories making news "early today" in america. a bus trip headed to niagara falls ended in tragedy when two people were killed and 35 injured in a horrific accident. according to preliminary reports, a tire blowout caus
senate minority leader mitch mcconnell is crafting what looks like the leading contender. but critics say it may be too much of a compromise. >> well, look, mcconnell plan doesn't have 218 republican votes, no way. >> what it does is it says, we the congress will not take responsibility or accountability for our own decisions. >> reporter: before moving forward the tea party is getting a vote on a balanced-budget amendment. >> so the real deal to limit spending and get...
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Jul 27, 2011
07/11
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conservative senate republican leader mitch mcconnell is calling for new negotiations with president barack obama urging the party to move away with some of its demands. >>> the implications of a u.s. default strach far beyond the country's border. a crisis of solvency in the u.s. government could cause a crunching recession. fareed zakaria sat down with imf chief christine lagarde and asked just how concerned she was. >> i am worried because this debt ceiling issue has not been cracked. it's being addressed from multiple angles, but the debt ceiling is still on the table. the united states is the largest economy in the world, one that matters, one that has spillover effects, not just around the borders, but on a complete basis globally. it's an issue that really is lurking in the background of each and every economy of the world which is why i think there's a very, very high level of pressure and tension so that issue can be, not only addressed, dealt with and addressed properly with a solution. >> the current stalemate in u.s. debt talks is pushing some key world currencies to reco
conservative senate republican leader mitch mcconnell is calling for new negotiations with president barack obama urging the party to move away with some of its demands. >>> the implications of a u.s. default strach far beyond the country's border. a crisis of solvency in the u.s. government could cause a crunching recession. fareed zakaria sat down with imf chief christine lagarde and asked just how concerned she was. >> i am worried because this debt ceiling issue has not been...
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Jul 15, 2011
07/11
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mcconnell appears to be gaining momentum. nbc's kristen dahlgren has more. good morning. >> reporter: good morning, lynn. we'll hear from the president in just a few hours. his second press conference this week. he's really taking it to the american people, as he told lawmakers that they have until saturday to try to come up with some type of plan moving forward. yesterday's meeting was described as civil. it focused mostly on taxes, republicans standing firm on their pledge not to raise taxes. meantime, republican and democratic leaders in the senate are trying to work together on that backup plan. it's a complex plan, but it would put raising the debt ceiling on the president's shoulders and give some lawmakers a way to save face to allow them to vote against raising the debt ceiling. harry reid said they're still interested in a grand plan but they're searching for all alternatives. standard & poor's says it thinks about lowering the nation's credit rating as well. the stichs high. both sides meeting with their caucuses to
mcconnell appears to be gaining momentum. nbc's kristen dahlgren has more. good morning. >> reporter: good morning, lynn. we'll hear from the president in just a few hours. his second press conference this week. he's really taking it to the american people, as he told lawmakers that they have until saturday to try to come up with some type of plan moving forward. yesterday's meeting was described as civil. it focused mostly on taxes, republicans standing firm on their pledge not to raise...
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Jul 19, 2011
07/11
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mitch mcconnell has a different idea, he says let's let president obama deal with this debt ceiling himself and force democrats to go along. lynn? >> tracie potts in washington. >>> well, now here's a look at other stories making news early today in america. ammonia vapors from a leak in nebraska sent fire crews scrambling yesterday. hazmat and emergency response teams quickly suited up to neutralize the hazardous chemical and keep it from harming locals. authorities believe the leak stems from a faulty release valve on a storage caning. >>> a veterinarian's life-saving heroics were caught on camera when a bald eagle under anesthesia stopped breathing. the vet treated the bird, leapt into action, giving the animal mouth-to-beak resuscitation until it could breathe on its own. despite the successful resuscitation, the vet says it has a long road to recovery. >>> in colorado, a horse's owners gave them a rude awakening when she fell through a well window into their basement. it took hours for rescue crews to figure out an exit plan for the horse. they finally dug a hole to pull the sedated ho
mitch mcconnell has a different idea, he says let's let president obama deal with this debt ceiling himself and force democrats to go along. lynn? >> tracie potts in washington. >>> well, now here's a look at other stories making news early today in america. ammonia vapors from a leak in nebraska sent fire crews scrambling yesterday. hazmat and emergency response teams quickly suited up to neutralize the hazardous chemical and keep it from harming locals. authorities believe the...
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Jul 18, 2011
07/11
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mitch mcconnell is crafting what looks like the leading contender, the critics say it may be too much of a compromise. >> well, look. mcconnell plan doesn't have 218 republican votes. >> it says we the congress will not take responsibility or accountability for our own decisions. >> before moving forward, the tea party is getting a vote on a balanced budget amendment. >> so the real deal to limit spending and get us in balance would be an amendment to our constitution. without that we're going to run america into the ground. >> reporter: plenty ever plans but right now no clear way forward. the balanced budget amendment apparently doesn't have the votes to pass but could clear the way to a compromise. brien mooer, nbc news. >> the debt showdown one of the things fueling the markets. for the rest of the news before the bell to nicole lapin. happy monday. >> happy monday to you. and it's a biggy. futures are lower as concerns over the debt issues not only in the united states but remember in europe are weighing on the markets. no talks were held this weekend on deals to raise the debt l
mitch mcconnell is crafting what looks like the leading contender, the critics say it may be too much of a compromise. >> well, look. mcconnell plan doesn't have 218 republican votes. >> it says we the congress will not take responsibility or accountability for our own decisions. >> before moving forward, the tea party is getting a vote on a balanced budget amendment. >> so the real deal to limit spending and get us in balance would be an amendment to our constitution....
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Jul 29, 2011
07/11
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he's reaching out to mitch mcconnell. is there actually a chance that mitch mcconnell will go along with harry reid's plan? and could that satisfy key party members in the house? >> reporter: there are two ways mitch mcconnell with can go along with harry reid's plan. he can go along with it publicly, forge the deal, agree senate1: s is vote on sunday, a house vote on monday. or he can publicly say that what he's saying so far which is i'm for speaker boehner, i'm for that bill, i'll stick to my gun, but he'll let his people go, meaning he'll let republicans go on their own, cut a deal if they want with reid, and he won't block it. he won't try to stop it. he won't try to enforce party discipline. that's what to watch for in the next i think six to eight hours. bottom line, ann, expect a senate vote on sunday, which also could be a cliffhanger. but then we're going to have another one of these. regardless of what the house does today, monday will be even nuttier. why. >> because at that point you'll democrats a hundredcc1
he's reaching out to mitch mcconnell. is there actually a chance that mitch mcconnell will go along with harry reid's plan? and could that satisfy key party members in the house? >> reporter: there are two ways mitch mcconnell with can go along with harry reid's plan. he can go along with it publicly, forge the deal, agree senate1: s is vote on sunday, a house vote on monday. or he can publicly say that what he's saying so far which is i'm for speaker boehner, i'm for that bill, i'll...
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Jul 19, 2011
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. >> reporter: the idea comes from senate gop leader mitch mcconnell has been trashed by conservative leaders ever since. sources say the last ditch mcconnell plan could be on the senate floor this week but a republican source believes before the mcconnell bill, the senate will take up cut, cap and balance. even if ccb doesn't pass it has endless possibilities as a cbs campaign bumper sticker. >>> up next more cattle are found to have eaten radioactive feed. that's next. stay with us. >>> welcome back to "world business today" on cnn. >>> japan's scrambling to contain the distribution of radiation tainted beef. the government's about to suspend all cattle shipments from fukushima prefecture. that's the epicenter of japan's nuclear crisis. a result of the record earthquake in march. cattle there have eaten feed with high levels of radioactivity, initially the government said 11 cows had been affected and that number has ballooned to 411. those concerns have also hit meat related companies on the stock market. nippon meatpackers was the worst performer, fell more than 4% today. >>> let'
. >> reporter: the idea comes from senate gop leader mitch mcconnell has been trashed by conservative leaders ever since. sources say the last ditch mcconnell plan could be on the senate floor this week but a republican source believes before the mcconnell bill, the senate will take up cut, cap and balance. even if ccb doesn't pass it has endless possibilities as a cbs campaign bumper sticker. >>> up next more cattle are found to have eaten radioactive feed. that's next. stay...
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Jul 20, 2011
07/11
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host: mitch mcconnell speaking on the senate floor. our guest is the consumer financial reporter with bloomberg news. here are the numbers to call if you would like to join the conversation -- l's go to hartford, north carolina. beverly is on the iependent line. good morning. caller: i agree that we need this. i had to call the protection agency in north carolina at least three times for help, and they helped me tremendously. i do not know what is wrong with the republican party. they do not have want to have anyone that does not make a lot of money, but i really am concerned about why elizabeth warren was not chosen. that was her baby. i wanted to know if president obama could choose another person, then why did he not choose her? just come out and make the choice, whatever he did. why did he not do that? thank you. guest: very interesting comments. you are not alone in saying that you've talketo your state regulators. this is a common complaint i have heard. i have travelled a bit in covering this. state agencies have often been some
host: mitch mcconnell speaking on the senate floor. our guest is the consumer financial reporter with bloomberg news. here are the numbers to call if you would like to join the conversation -- l's go to hartford, north carolina. beverly is on the iependent line. good morning. caller: i agree that we need this. i had to call the protection agency in north carolina at least three times for help, and they helped me tremendously. i do not know what is wrong with the republican party. they do not...
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Jul 15, 2011
07/11
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mitch mcconnell says you don't get out of this roomithout writing what you plan to do. what you are talking about stead of just giving speeches obama has spept the last two years running for president instead of being president these speeches are cute and funny. when you are president of the united states, you really ought to do something. i'm a fan of hispproach as one piece of the puzzle. what do we want to have happen? have a dollar of debt ceiling increase, mr. president. then we can have a deal and not raise taxes. it's been clear six months now so the president can write his own budget. host: does the debt ceiling feed to be raised? is it possible that they could reign in spending and not do it? if you start it a couple years ago. the president has increased spending $1 trillion a year. each and every year if the president hpt wasted $800 trillion, we wouldn't have to do this. we are hitting the debt ceiling. in the last of the previous years, they added a trillion to the discretionary spending. they added a trillion. trying to bring some of that down is important
mitch mcconnell says you don't get out of this roomithout writing what you plan to do. what you are talking about stead of just giving speeches obama has spept the last two years running for president instead of being president these speeches are cute and funny. when you are president of the united states, you really ought to do something. i'm a fan of hispproach as one piece of the puzzle. what do we want to have happen? have a dollar of debt ceiling increase, mr. president. then we can have a...
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Jul 19, 2011
07/11
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on the senate floor today, senate leaders harry reid and mitch mcconnell talk about the ongoing debt ceiling negotiations. earlier, britain and obama nominated richard carter dougherty to head the bureau launching this week. he served as ohio's attorney general in the past. the nominee has to be approved by the senate. from the rose garden at the white house, this is just under 10 minutes. pff>> good afternoon, everybody. it has been almost three years since the financial crisis pulled the economy into a deep recession. and millions of families are still hurting because of it. they're trying to get by on one income instead of two, on fewer shifts at the plant or at the hospital. they're cutting expenses, giving up on a family night out so there's money for groceries. and for a lot of families, things were tough even before the recession. so we've got to get the economy growing faster and make sure that small businesses can hire again, so that an entrepreneur out there can sell a new product, so that the middle class is getting stronger again, and so folks feel confident in their futu
on the senate floor today, senate leaders harry reid and mitch mcconnell talk about the ongoing debt ceiling negotiations. earlier, britain and obama nominated richard carter dougherty to head the bureau launching this week. he served as ohio's attorney general in the past. the nominee has to be approved by the senate. from the rose garden at the white house, this is just under 10 minutes. pff>> good afternoon, everybody. it has been almost three years since the financial crisis pulled...
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Jul 8, 2011
07/11
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senator mitch mcconnell has not signed on, but we have so far as co-sponsors, ayotte, barossom hatch, isaacson, johnson, toomey, etc. >> speaker boehner left a little more optimistic after the meeting with the president. and did you leave with that impression? [inaudible] give us a sense of what he told you. >> i have probably been in hundreds of meetings with speaker boehner before he was speaker. he is always an optimistic man and was optimistic today. so i think that if you are a glass half full kind of guy, you heard that with optimism. if not, you heard that with less optimism. but i do think and probably the right answer to anything about revenue or anything else is the president has publicly says he is going to have the same group come back to the white house on sunday. there is a substantial belief that whatever is going to happen is likely to happen in the next few days. i intend to wait and see what happens rather than try to say how liked about what might happen. i think it's either going to happen or not a pretty quickly. my sense is that was one of the messages, working h
senator mitch mcconnell has not signed on, but we have so far as co-sponsors, ayotte, barossom hatch, isaacson, johnson, toomey, etc. >> speaker boehner left a little more optimistic after the meeting with the president. and did you leave with that impression? [inaudible] give us a sense of what he told you. >> i have probably been in hundreds of meetings with speaker boehner before he was speaker. he is always an optimistic man and was optimistic today. so i think that if you are a...
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Jul 6, 2011
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senator mitch mcconnell renewed that invitation today in addressing his fellow senators on the floor. i would renew that. it would be valuable if the president did come speak to us. also, there's the quaint idea of following the budget law, which requires the budget committee under the leadership of the budget chairman and majority leader actually to bring the budget resolution to the floor of the senate for debate, for discussion and for amendment and for passage or defeat. so i am calling on senate recession counterpart, the budget chairman, to address this issue that brings us back to washington d.c. this week, by convening the committee, reporting out a budget resolution, tapping us deal with it substantively. and finally, and i think this is the hope of many of us, but the house of representatives will send us substantive budget legislation, to prove that it can be passed in the house. the cap that senator corker has been instrumental in. a balanced budget, that over. let us vote. send that to the american people, particularly in the case of the amendment for ratification. give u
senator mitch mcconnell renewed that invitation today in addressing his fellow senators on the floor. i would renew that. it would be valuable if the president did come speak to us. also, there's the quaint idea of following the budget law, which requires the budget committee under the leadership of the budget chairman and majority leader actually to bring the budget resolution to the floor of the senate for debate, for discussion and for amendment and for passage or defeat. so i am calling on...
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Jul 15, 2011
07/11
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mitch mcconnell says you don't get out of this room without writing whatou plan to do. what you are talking about instead of just giving speeches obama has spept the last two years running for president instead of being president these speeches are cute and funny. when you are president of the united states, you really ought to do something. i'm a fan of his approach as one piece of the puzzle. what do we want to have happen? have a dollar of debt ceiling increase, mr. president. then we can have a deal and not raise taxes. it's been clear six months now so the president can wri his n budget. host: does the debt ceiling feed to be raised? is it possible that they could reign in spendg and not do it? if you start it a couple years ago. the president has increased spending $1 trillion a year. each and every year if the president hpt wasted $800 trillion, we wouldn't have to do this. we are hitting the debt ceiling. in the last of the previous years, they added a trillion to the discretionary spending. they added a trillion. trying to bring some of that down is important.
mitch mcconnell says you don't get out of this room without writing whatou plan to do. what you are talking about instead of just giving speeches obama has spept the last two years running for president instead of being president these speeches are cute and funny. when you are president of the united states, you really ought to do something. i'm a fan of his approach as one piece of the puzzle. what do we want to have happen? have a dollar of debt ceiling increase, mr. president. then we can...
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Jul 23, 2011
07/11
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mcconnell and nancy pelosi to be at the table as well. this follows boehner's rejection yesterday of one-on-one talks with the president. each blames the other for the breakdown in talks. washington has less than two weeks before the august 27d deadline to come up with a plan to cut deficits and raise the debt ceiling or risk seeing the nation default on its financial obligations for the first time ever. a partial shutdown of the faa is now in effect after congress missed the deadline to extend the operating authority. experts say this should not affect your trip, because air traffic controllers, safety inspectors and other security personnel remain on the job. so far lawmakers have failed to iron out differences between the house and senate versions of the funding bill for the faa. airlines don't have the authority to collect federal taxes on tickets, so if you book now, you could save about $60 on a $300 flight. >>> it was a california adventure for sure, but probably not the one people expected. this is california screaming at a ride i
mcconnell and nancy pelosi to be at the table as well. this follows boehner's rejection yesterday of one-on-one talks with the president. each blames the other for the breakdown in talks. washington has less than two weeks before the august 27d deadline to come up with a plan to cut deficits and raise the debt ceiling or risk seeing the nation default on its financial obligations for the first time ever. a partial shutdown of the faa is now in effect after congress missed the deadline to extend...
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Jul 13, 2011
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mcconnell. in a half-hour, a discussion of how the 14th amendment to the constitution may affect those debt ceiling discussions. federal reserve chairman ben bernanke presents a semi-annual monetary policy report to congress tomorrow morning. live coverage from the house financial services committee is on c-span3 at 10:00 a.m. eastern. >> now is the time to deal with these issues. if not now, when? >> the debt limit is the legal limit on borrowing by the federal government, and since 1962, has been raised to 74 times for the last time in february 2010. learn more and follow the process of raising the debt ceiling on line with the c-span video library. search, watch, click, and share -- it is washington your way. as congressional leaders were preparing to meet again with president obama this afternoon on the debt and deficit, house speaker john boehner said the debt limit increases is federal -- president obama's problem and the president should show it -- should suggest a plan that will pass in
mcconnell. in a half-hour, a discussion of how the 14th amendment to the constitution may affect those debt ceiling discussions. federal reserve chairman ben bernanke presents a semi-annual monetary policy report to congress tomorrow morning. live coverage from the house financial services committee is on c-span3 at 10:00 a.m. eastern. >> now is the time to deal with these issues. if not now, when? >> the debt limit is the legal limit on borrowing by the federal government, and...
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Jul 30, 2011
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with the house plan off the table, all eyes are on mitch mcconnell. president obama insists a weekend compromise is still possible. >> this is not a situation where the two parties are miles apart. we're in rough agreement about how much spending can be cut responsibly. >> the deadline is now less than 100 hours away and mcconnell signaled is he ready to make a deal but only if he negotiates directly with president obama. >>> we still have more ahead for you on "today in the bay." still to come, a man who lost his arm and legs in service but never his will. he will live a normal life, he says. how a wounded warrior is moving on with his life from behind the wheel. >>> and a former gangster turned his life around in the ring. >>> first, nato strikes another blow to forces in libya. it's part of our look at news around the world.ht back.we'lbe. >>> this is "today in the bay." >>> a look live this morning, a little bit of color we found along the embarcadero. it's a gray start but it will be a nice warm day, humid in some areas. >>> in news around the wo
with the house plan off the table, all eyes are on mitch mcconnell. president obama insists a weekend compromise is still possible. >> this is not a situation where the two parties are miles apart. we're in rough agreement about how much spending can be cut responsibly. >> the deadline is now less than 100 hours away and mcconnell signaled is he ready to make a deal but only if he negotiates directly with president obama. >>> we still have more ahead for you on "today...
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another republican plan in the senate by mitch mcconnell that would allow the president to raise the debt ceiling on his own and sort of procedurally force democrats to go along with that with no cuts, essentially politically making them responsible for doing nothing about cutting the deficit. but all of those at this point just on the table. they are still talking, still negotiating. in the senate, majority leader harry reid says they are going to work over the weekend as long as it takes to get something done before the administration will default on bills. >> a lot of work ahead. thank you. >> 5:44 now. benicia police are searching for a suspect accused of robbing a bank. police released a photo of the suspect yesterday. this man is accused of robbing the wells fargo bank on south hampton road last friday. investigators say he made threatening gestures while holding handgun. the same bank was robbed several months ago. the suspect is described as a 25 to 30-year-old african-american, he is short to medium in height and has a goatee. >> this morning san francisco police are respond
another republican plan in the senate by mitch mcconnell that would allow the president to raise the debt ceiling on his own and sort of procedurally force democrats to go along with that with no cuts, essentially politically making them responsible for doing nothing about cutting the deficit. but all of those at this point just on the table. they are still talking, still negotiating. in the senate, majority leader harry reid says they are going to work over the weekend as long as it takes to...
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Jul 15, 2011
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meantime, republicans and democratic leaders in the senate mitch mcconnell and harry reid are working on a backup plan. it's complex but would put it on the president's shoulders to raise the debt ceiling. it could give lawmakers a way to save face, put off the debate to 2013 but some republicans calling it a sellout to give the president that kind of power. reed says they are looking for a grander agreement but that this is one alternate that they are looking at. that is standard & poor's says it way downgrade the u.s. credit rating. the two sides are caucusing individually deciding what they are and aren't willing to do. they could meet again over the weekend. >> a lot to do. krist kristen, thank you. friends and family gather to remember a teenager found dead in her room after a sleep-over last weekend. memorial service for ta keepy rao will be held this afternoon. her family will hold a private burial after the service. rao was with three friends at her home when they snuck vodka from a cabinet and drank the liquor mixed with soda. detectives are waiting for toxicology results to
meantime, republicans and democratic leaders in the senate mitch mcconnell and harry reid are working on a backup plan. it's complex but would put it on the president's shoulders to raise the debt ceiling. it could give lawmakers a way to save face, put off the debate to 2013 but some republicans calling it a sellout to give the president that kind of power. reed says they are looking for a grander agreement but that this is one alternate that they are looking at. that is standard & poor's...
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Jul 13, 2011
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mitch mcconnell says he would try to really make this the president's problem saying they would give the president the authority to raise the debt ceiling in exchange for him suggesting spending cuts. they would only do it, though, through 2012 when republicans hope to defeat him in an election. it's a controversial plan, a lot of people talking about it in washington. they are going to be talking again for eastern time this afternoon, laura. >> thank you for the update. >>> it is 5:44 right now, a rocky seaside climb turned deadly from sunnyville. police on the big island said the man from sunnyvale died after being swept onto the ocean. he was climbing on a rocky clip when a wave knocked him into the ocean and carried him about 100 yards out to sea. rescuers found him face down in the water. they tried to give him cpr by later died at the hospital. he was the second bay area man swept out to sea in hawaii over the weekend. the family of 44-year-old david potts will return home to san anselmo tomorrow. potts fell into a blow hole vacationing in maui. he and his brother were hiking w
mitch mcconnell says he would try to really make this the president's problem saying they would give the president the authority to raise the debt ceiling in exchange for him suggesting spending cuts. they would only do it, though, through 2012 when republicans hope to defeat him in an election. it's a controversial plan, a lot of people talking about it in washington. they are going to be talking again for eastern time this afternoon, laura. >> thank you for the update. >>> it...
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not president obama, not speaker of the house john boehner, and not senators mitch mcconnell and harry reid. that's the issue. house republicans don't like any of these ideas that are coming out of the senate, whether it's this gang of six, big deal idea, or the backroom legislative gymnastic idea that mitch mcconnell has put together. in fact, they hate that idea so much that if there's one piece of optimism here, matt, is that got them to decide, you know what? we're better off dealing directly with president obama. >> yeah. this reid-mcconnell plan, 80 republicans, 80 house republicans got together. they signed a letter to boehner and cantor saying they don't like this deal at all. they're circulating the letter trying to get more signatures. which brings the question up. if we get to the august 2nd deadline with no larger deal, the reid-mcconnell plan had been considered the fallback, the safety net. is that now dead? >> reporter: well, no. but it could be this -- it may be that house republicans won't vote for it the first time. i've had many republican members tell me this, matt,
not president obama, not speaker of the house john boehner, and not senators mitch mcconnell and harry reid. that's the issue. house republicans don't like any of these ideas that are coming out of the senate, whether it's this gang of six, big deal idea, or the backroom legislative gymnastic idea that mitch mcconnell has put together. in fact, they hate that idea so much that if there's one piece of optimism here, matt, is that got them to decide, you know what? we're better off dealing...
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. >> reporter: but senate minority leader mitch mcconnell held the line. >> to get a big package would require big tax increases in the middle of an economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job killer. >> reporter: now, president obama will speak about the issue later on this morning. white house officials tell me he will continue to push for a big deal. he's going to meet with congressional leaders again this afternoon. it seems like the one thing all sides can agree on, they do want to get a deal done soon. >> ann? >> kristen welker, thank you so much. republican senator jim demint of south carolina is author of a new book called "the great american awakening: two years that changed america and washington." good morning. >> ann, it's good to be with you. >> the clock is ticking, senator. what do you think the chances are of a deal in ten days? >> well, it's been frustrating. the president has been talking about this for six months. he agreed six months ago that we couldn't raise taxes in the down economy. now suddenly he
. >> reporter: but senate minority leader mitch mcconnell held the line. >> to get a big package would require big tax increases in the middle of an economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job killer. >> reporter: now, president obama will speak about the issue later on this morning. white house officials tell me he will continue to push for a big deal. he's going to meet with congressional leaders again this...
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but next, there were talks about ongoing negotiations with harry reid and mitch mcconnell. ohio's attorney general -- the nomination has to be approved from the senate. this is from the white house and is under just 10 minutes. there is money for groceries. for many families, things were tough before the recession. we have to get the economy growing faster. we need to make sure that small businesses can't hire again so that an entrepreneur york can sell their products out there. we want people to feel confident in their future into the future of their children. we cannot let politics stand in the way of doing the right thing in washington. that is why i want to take steps to make sure payroll taxes for middle-class families do not go back up next year. that's why it's so important that we tackle the problems that led us into this recession in the first place. one of the biggest problems was that the tables were tilted against ordinary people in the financial system. when you get a home loan, it came with pages of fine print. when you got a credit card, it was as if the cont
but next, there were talks about ongoing negotiations with harry reid and mitch mcconnell. ohio's attorney general -- the nomination has to be approved from the senate. this is from the white house and is under just 10 minutes. there is money for groceries. for many families, things were tough before the recession. we have to get the economy growing faster. we need to make sure that small businesses can't hire again so that an entrepreneur york can sell their products out there. we want people...
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senate republican leader mitch mcconnell has offered what is being called a last choice option to avoid default. his proposal would allow the president to increase the federal debt limit putting responsibility for that on the president's shoulders. >>> british prime minister david cameron said he will look into whether 9/11 victims were among those targeted in the growing "news of the world" phone hacking scandal. the paper, part of his media empire shut down over the weekend amid outrage in britain. another victim is hugh grant and said the scandal is important to america too. >> rupert murdoch does own an enormous amount of your media and some of your newspapers. and i think people need to ask themselves, you know, who is this man who owns such a large part of our media. i think, you know, when you hear some of the new allegations about who the "news of the world" was phone hacking that may include and i stretch it's allegations at this stage, some of the 9/11 victims, well, i don't know, that may strike a chord with americans. >> and this morning more fallout from the scandal with wo
senate republican leader mitch mcconnell has offered what is being called a last choice option to avoid default. his proposal would allow the president to increase the federal debt limit putting responsibility for that on the president's shoulders. >>> british prime minister david cameron said he will look into whether 9/11 victims were among those targeted in the growing "news of the world" phone hacking scandal. the paper, part of his media empire shut down over the weekend...
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we witnessed mitch mcconnell coming up with a proposal along with harry reid. we watched them walk away from that proposal. we then witnessed the president continuing to reach out. we witnessed a bipartisan group of six, three republicans and three democrats, come up with a proposal. they walked away from that. they walked away from their own speaker's proposal and from the president's proposal. if barack obama came up with a cure for the common cold or a cure for cancer, they would walk away from that as well. i think the time for politics -- whether it is extending it out six months said they can continue this manufactured crisis' -- i think that is wrongheaded. clearly, if they all came together and said that we have a bill that we will put on before tomorrow and vote on it and it was laid out in detail, i think the president with knowledge that. but we have not seen anything close to that. >> this is clearly a dollars and since issue. -- and cents issue. we're talking about something that is intangible. somewhat abstract. the full faith and credit of the un
we witnessed mitch mcconnell coming up with a proposal along with harry reid. we watched them walk away from that proposal. we then witnessed the president continuing to reach out. we witnessed a bipartisan group of six, three republicans and three democrats, come up with a proposal. they walked away from that. they walked away from their own speaker's proposal and from the president's proposal. if barack obama came up with a cure for the common cold or a cure for cancer, they would walk away...
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guest: mitch mcconnell came out with a proposal but we will offer up a clean debt ceiling vote with no spending cuts attached. the president did not like it, because it had three branches of increa that he would have to take personal responsibility for. nancy pelosi and hillary reid said they support it. she was taking part in the debt ceiling negotiations. when john boehner said on friday that he would not be going to camp david, bause the but house was considering negotiations there, nancy pelosi said the same thing. her role in all of this is weird right now. she seems to be reluctant to impose this vote. host: new jersey, independent. caller: i do not agree with you about having some cuts to social security and other expenses. there should be cuts on a lot of wasted programs in the government. we cannot just continue our spending. it is out of control. 40 cents of every dollar is spent -- its to sustain our lifestyle. the comment about taking a clean vote for the debt ceiling. that is a cop out. congress needs to do their job. they need to make these hard choices. we will have to i
guest: mitch mcconnell came out with a proposal but we will offer up a clean debt ceiling vote with no spending cuts attached. the president did not like it, because it had three branches of increa that he would have to take personal responsibility for. nancy pelosi and hillary reid said they support it. she was taking part in the debt ceiling negotiations. when john boehner said on friday that he would not be going to camp david, bause the but house was considering negotiations there, nancy...
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. >> reporter: boehner is backed by senate republican leader mitch mcconnell, who also said he'd give some more >> i'm prepared to accept something less than perfect to get a deal that can pass. because perfect is not achievable. >> reporter: and that's the dilemma, what to do in so little time left. behind-the-scenes negotiations between the senate and the house continue, and speaker boehner and his team are trying to figure out when they can get a vote. the best guess we have right now is instead of tonight, it will be sometime tomorrow. but we've seen all through this process deadlines seem to slip. matt? >> kelly o'connell on capitol hill this morning. kelly, thank you very much. >>> democratic senator dick durbin of illinois is the assistant senate majority leader. he's played an active role in the negotiations over the past few weeks. senator, good to see you. good morning. >> thanks, matt. >> you've seen the plans, the counterproposals. is there anything on paper, on the table, or on the horizon right now, senator, that you think stands a chance of being passed in time? >> yes,
. >> reporter: boehner is backed by senate republican leader mitch mcconnell, who also said he'd give some more >> i'm prepared to accept something less than perfect to get a deal that can pass. because perfect is not achievable. >> reporter: and that's the dilemma, what to do in so little time left. behind-the-scenes negotiations between the senate and the house continue, and speaker boehner and his team are trying to figure out when they can get a vote. the best guess we...
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mcconnell and harry reid are coming up with is still going to be the thing that raises the debt ceiling. but this -- you know, one of the reasons the president endorsed this, conservative oklahoma senator tom coburn came out and endorsed it in the morning. two hours later the president did. the closest friend in the republican party the president has is tom coburn, ann. >> okay. now, at the same time, according to this new nbc news/"wall street journal" poll, while 55% of americans believe not raising the debt ceiling would be a, quote, real and serious problem, there doesn't seem to be a consensus on just exactly what washington should do, chuck. >> well, there isn't. now, when we presented them the two options that were being debated last week, the president's idea of this $4 trillion which is similar to gang of six, a $4 trillion mix of some tax hikes plus some cuts and reforms to entitlements like medicare and social security versus a cuts-only approach that house republicans were pitching, it was a landslide as far as what the public preferred. 58% preferring the president's vision
mcconnell and harry reid are coming up with is still going to be the thing that raises the debt ceiling. but this -- you know, one of the reasons the president endorsed this, conservative oklahoma senator tom coburn came out and endorsed it in the morning. two hours later the president did. the closest friend in the republican party the president has is tom coburn, ann. >> okay. now, at the same time, according to this new nbc news/"wall street journal" poll, while 55% of...
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senator mitch mcconnell, a republican, offered a solution that can get us through this. there are plenty of modifications we can make to either of these plants in order to get them passed through both the house and the senate's and it would allow me to sign them into law. today i urge democrats and republicans in the senate to find common ground on the plan to give support to, a plan icahn side by tuesday. this is not a situation where the two parties are miles apart. we are in rough agreement about how much spending can be cut responsibly as a purse step towards reducing our deficit. we agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform. i am ready and willing to have that debate. we need to put in place some kind of enforcement mechanism to hold us all accountable for making these reforms. i will support that if it is done in a smart and balanced way. there are plenty of ways out of this mess. but we are almost out of time. we need to reach a compromise by two state so that our country will have the ability to p
senator mitch mcconnell, a republican, offered a solution that can get us through this. there are plenty of modifications we can make to either of these plants in order to get them passed through both the house and the senate's and it would allow me to sign them into law. today i urge democrats and republicans in the senate to find common ground on the plan to give support to, a plan icahn side by tuesday. this is not a situation where the two parties are miles apart. we are in rough agreement...
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i would say to my friend mitch mcconnell nice try, but do not limit on the president. >> there are now these rival plans, one in the house and one in the senate. is this a game of chicken at this point? is there any chance now that a bipartisan deal could be reached? >> everyone listen to what senator schumer said in detail. just about everything in their plan, we agreed to, especially the timing of it. our plan is pretty simple. dollar for dollar savings. that is what they said they wanted. no revenue. that is what they said they wanted. these are things they supported in the past. this is not a game of chicken. this is a game of reality, one of the most serious things we could do, is do something about this debt. we are about to go over the cliff. they are sending us are virtually nothing we have agreed to. it is a short-term extension, and we have been on record for weeks saying we will not agree to that. >> haven't you extended before? >> never with conditions on it. we have it extended it a lot of times in the years we have been in congress. but never with conditions. they want a
i would say to my friend mitch mcconnell nice try, but do not limit on the president. >> there are now these rival plans, one in the house and one in the senate. is this a game of chicken at this point? is there any chance now that a bipartisan deal could be reached? >> everyone listen to what senator schumer said in detail. just about everything in their plan, we agreed to, especially the timing of it. our plan is pretty simple. dollar for dollar savings. that is what they said...
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then senate leaders harry reid and mitch mcconnell. later come floor debate on the senate democratic plan. >> visit charleston this week on confederate charleston author on the secession from the union. from american history tv kamal the american revolution. throughout the weekend, more about the literary life, plantation life, and a catastrophic 1886 earthquake. charleston, south carolina, this weekend on c-span2 and c- span3. >> now house speaker john boehner. he spoke with reporters for 10 minutes after a leadership committee meeting. this is before the cbo released information that the plan would not reduce the deficit as much as originally planned. >> we have the bill that is a reasonable approach, negotiated with the senate leadership, that is common sense. there is more cuts in spending then you have an increase in the debt limit. it provides for the best efforts to get a balanced budget amendment. it is reasonable, responsible, it can pass the house and senate, and i hope the president will consider signing it into law. >> the
then senate leaders harry reid and mitch mcconnell. later come floor debate on the senate democratic plan. >> visit charleston this week on confederate charleston author on the secession from the union. from american history tv kamal the american revolution. throughout the weekend, more about the literary life, plantation life, and a catastrophic 1886 earthquake. charleston, south carolina, this weekend on c-span2 and c- span3. >> now house speaker john boehner. he spoke with...
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and so if, in fact, mitch mcconnell and john boehner are sincere -- and i believe they are -- that they don't want to see the u.s. government default, then they're going to have to compromise just like democrats are going to have to compromise, just like i have shown myself willing to compromise. chip reid. >> thank you, mr. president. you said that everybody in the room is willing to do what they have to do, wants to get something done by august 2nd. but isn't the problem the people who aren't in the room, and in particular republican presidential candidates and republican tea partiers on the hill, and the american public? the latest cbs news poll showed that only 24% of americans said you should raise the debt limit to avoid an economic catastrophe. there are still 69% who oppose raising the debt limit. so isn't the problem that you and others have failed to convince the american people that we have a crisis here, and how are you going to change that? >> well, let me distinguish between professional politicians and the public at large. the public is not paying close attention to the i
and so if, in fact, mitch mcconnell and john boehner are sincere -- and i believe they are -- that they don't want to see the u.s. government default, then they're going to have to compromise just like democrats are going to have to compromise, just like i have shown myself willing to compromise. chip reid. >> thank you, mr. president. you said that everybody in the room is willing to do what they have to do, wants to get something done by august 2nd. but isn't the problem the people who...
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mcconnell i want them here at 11:00 a.m. tomorrow. we have run out of time. and they are going to have to explain to me how it is that we are going to avoid default. and they can come up with any plans that they want and bring them up here and we will work on them. the only bottom line that i have is that we have to extend this debt ceiling through the next election, into 2013. and the reason for it is we've now seen how difficult it is to get any kind of deal done. the economy is already weakened. and the notion that five or six or eight months from now we'll be in a better position to try to solve this problem makes no sense. in addition, if we can't come up with a serious plan for actual deficit and debt reduction, and all we're doing is extending the debt ceiling for another six, seven, eight months, then the probabilities of downgrading u.s. credit are increased, and that will be an additional cloud over the economy and make it more difficult for us and more difficult for businesses to create jobs that the american peop
mcconnell i want them here at 11:00 a.m. tomorrow. we have run out of time. and they are going to have to explain to me how it is that we are going to avoid default. and they can come up with any plans that they want and bring them up here and we will work on them. the only bottom line that i have is that we have to extend this debt ceiling through the next election, into 2013. and the reason for it is we've now seen how difficult it is to get any kind of deal done. the economy is already...
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just last week, senate republican leader mitch mcconnell called on president obama to take any raised revenues off the table and to balance the budget solely on spending cuts that affect the middle class and lower-income families. in an opinion piece on cnn.com, senator mcconnell proclaimed tax hikes can't pass the congress. well, let's pull the curtain back and take a little glimpse behind the curtain at who the republicans are fighting so hard to protect. here's a building in new york stow park avenue, the helmsley building. because this building is large enough to have its very own zip code, we know from actual i.r.s. information -- not projections, not guesses, not conclusions drawn from rates -- from actual paid-in i.r.s. information, that the wealthy and successful individuals and corporations that call this building home paid a 14.7% total federal tax rate in the last year that they've done the calculation, 2007. that is lower than the actual tax rate, on average, of the new york city janitor or doorman or security guard who would work in this building. it is upside-down. the p
just last week, senate republican leader mitch mcconnell called on president obama to take any raised revenues off the table and to balance the budget solely on spending cuts that affect the middle class and lower-income families. in an opinion piece on cnn.com, senator mcconnell proclaimed tax hikes can't pass the congress. well, let's pull the curtain back and take a little glimpse behind the curtain at who the republicans are fighting so hard to protect. here's a building in new york stow...